Energy storage is the most important problem to solve if we have any hope of effectively addressing climate change. Without this, green policy is ultimately ineffective.
Intermittent renewable energy sources, such as wind and solar, are limited in their capacity to consistently deliver energy to the grid.
There is often a loss of surplus power in major renewable hot spots which effects the economic attractiveness of investing in more projects. Energy storage addresses this issue and bridges the gap between generation and demand without having to rely on fossil fuels.
Innovative energy storage start-ups, such as Malta Inc are developing technology to lead the way forward to address this issue.
The development of cheap, long-lasting storage is a new wave to tackle global issues and clean up the energy sectors.
The need for energy storage is being recognised, with energy storage increasing almost 150% last year, but there is still a long way to go.
Despite the ‘very big ifs’ with this advancement in energy storage technology, the world is undoubtedly due another major breakthrough in the energy sector.
But the sun and wind don’t just fade for hours; sometimes they dip for days or weeks. If we want to shift mainly to renewables, we’re going to need a lot more storage that can last a longer.